HomeMy WebLinkAboutItem 4.05 Accept ImprovmtsTr5072 (2)
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CITY OF DUBLIN
AGENDA STATEMENT
CITY COUNCIL MEETING DATE: MARCH 9, 1992
SUBJECT:
Acceptance of Improvements Tract 5072 (Bordeaux Estates)
(Report by Public Works Director Lee Thompson)
EXHIBITS ATTACHED:
1) Resolution
2) Location Map
RECOMMENDATION:
1) Adopt Resolution to accept the work completed.
~~~Authorize Staff to accept maintenance bond.
\ 3) Authorize Staff to recommend that the County of Alameda
release the performance bond once the maintenance bond
has been received.
FINANCIAL STATEMENT:
A maintenance bond in the amount of $109,250 to guarantee
against defects will be provided to the City. The City will
incur maintenance and sweeping costs for the public streets
in this Tract. These costs will be paid from the Street
Maintenance operating Budget and Street sweeping Budget.
DESCRIPTION: In October of 1985, the City Council approved the Final Map
for Tract 5072, one of three tracts in the Bordeaux Estates development. (One of
these three tracts has since been developed by Ahmanson Developments as "Images.")
The Tract Developer Agreement and bonds were executed between Hatfield/Investec and
the County of Alameda, as the property had not been annexed to the City at the time.
Hatfield/Investec's interest in the property eventually passed to First Interstate
Mortgage Special Assets West, the current owner.
At the time the City and Hatfield/Investec executed the contract for the Tract
improvements, the subdivider was required to provide performance bonds in the amount
of $437,000 to provide the necessary security for the performance of work involved.
As the work is now completed, the performance security requirement can be reduced,
in accordance with the authority contained in Section 66499.7 of the Government
Code, to an amount necessary to guarantee maintenance of the work for a one-year
period following acceptance of the work.
The tract improvements were completed several years ago, but the tract could not be
accepted because the developer did not provide as-built plans as per conditions of
acceptance. These plans were recently provided by FIMSA West.
Staff recommends that the City Council adopt the resolution accepting improvements,
authorize Staff to accept the maintenance bond at a Iuture date, and authorize Staff
to recommend that the County of Alameda release the performance bond once the
maintenance bond has been received.
a:agenda\5072acpt
ITEM NO.
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COPIES:
FIMSA WEST
RESOLUTION NO. -92
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
FOR THE ACCEPTANCE OF IMPROVEMENTS
TRACT 5072 (BORDEAUX ESTATES)
WHEREAS, the owner-subdivider of the aforesaid Tract previously
entered into a contract with the City of Dublin to improve said Tract in accordance
with plans and specifications on file with the City Engineer, said Tract identified
as follows:
a) Subdivider: FIMSA West, successor to Hatfield/Investec
b) Tract Location: Northwesterly of Tract 4943, Southerly of Tract 5073
c) Tract Size: 26 single-family lots
d) Resolution Approving Final Map: No. 115-85
e) City Streets Affected: Rolling Hills Drive, Rothschild Place, Rothschild
Court
WHEREAS, said improvements have been completed in accordance with
said plans and specifications, and any approved modifications thereof, to the
satisfaction of the City Engineer of the City of Dublin; and
WHEREAS, as a condition of said contract, the subdivider is required
to guarantee the improvements and to maintain the completed work for a period of one
year following acceptance of the work by the said City of Dublin; and
WHEREAS, as the improvements are now completed, the original
performance bond security requirement can be reduced, in accordance with the
authority contained in Section 66499.7 of the Government Code of the State of
California, to an amount found necessary to guarantee maintenance of the completed
work for the aforesaid one-year period;
NOW, THEREFORE, BE IT RESOLVED that:
1. The improvements completed within said Tract be, and they are hereby
approved and accepted subject to the aforesaid one-year guarantee; and
2. The aforesaid original performance bond security requirement be reduced
from the amount of $437,000 to a revised security requirement in the amount of
$109,250, upon acceptance by Staff of the replacement maintenance bond in the said
amount of $109,250 as security for the aforesaid one-year guarantee period, and the
Mayor of this City Council be, and he is hereby authorized and directed to execute
the said bond on behalf of the said City of Dublin; and
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3. Alameda County be notified that the said original performance bond in
the amount of $437,000 posted in connection with the work involved in the
construction of said Tract be hereby released upon acceptance of said maintenance
bond.
PASSED, APPROVED AND ADOPTED this 9th day of March, 1992.
AYES:
NOES:
ABSENT:
Mayor
ATTEST:
city Clerk
a:reso\5072acpt
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